This bill amends Section 321.52 of the Iowa Code regarding the acquisition of certain vehicles by licensed vehicle recyclers. It allows vehicle owners without a certificate of title or junking certificate to dispose of vehicles that are twelve model years old or older to licensed recyclers for scrap or junk, provided the vehicle is acquired for less than $1,000. A significant addition to the law is that licensed vehicle recyclers must verify that there are no lienholders with a security interest in the vehicle before acquiring it.

Additionally, the bill establishes that violations of this provision will be classified as a simple misdemeanor, carrying a scheduled fine of $135. This change aims to ensure that vehicle recyclers are not acquiring vehicles that may still have outstanding financial obligations, thereby protecting the rights of lienholders.

Statutes affected:
Introduced: 321.52